3129 Bay Ridge Drive
About This Property
Set on a cleared lot, you have the freedom to design your ideal retreat from a weekend getaway to a full-time residence or long-term investment. Spend your mornings fishing, your afternoons on the water, and your evenings watching the sun melt into the bay.
Utilities are available, including water, sewer, and electricity, making this homesite ready for your future build. Residents enjoy private access, along with amenities including a pool, tennis courts, and a playground all designed to complement a relaxed, outdoor lifestyle. Located just minutes from Tres Palacios Bay and Turtle Bay, as well as Matagorda Bay, this is where boating, nature, and coastal living come together effortlessly.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by eXp Realty LLC | $230,000 | |
| Listed by eXp Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017